Legendary investors

Bill Ackman

Founder and CEO, Pershing Square Capital Management

Born
1966
Based in
New York, USA
Since
Founded Pershing Square in 2004
Frequency high

When you hear from them

Who they are

Bill Ackman is an activist investor: he buys large stakes in a handful of companies and then publicly pressures their boards. His portfolio is unusually concentrated, typically around ten names. Where most fund managers stay quiet until quarterly disclosures, Ackman shares his views on X almost daily, making him one of the most followable investors on this list.

Why it matters to investors

Ackman is as well known for his spectacular wins as for his spectacular misses, and he is notably candid about both. For investors he is mainly useful as a source of fully worked-out investment theses: when he takes a position, he usually explains publicly why.

Career

  1. 1992

    MBA at Harvard Business School; co-founds Gotham Partners with a classmate.

  2. 2004

    Starts Pershing Square Capital Management after Gotham is wound down.

  3. 2008

    Warns years in advance about bond insurer MBIA and is proved right.

  4. 2012

    Begins a years-long and ultimately loss-making campaign against Herbalife.

  5. 2020

    Puts on a credit hedge just before the covid crash that returns a multiple of its cost.

  6. 2024

    Sells a stake in his own management company; a planned listing of a new fund is shelved.

What they talk about

Notable quotes

Quotes still to be added. Only add them together with a source and a date.

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Updated: 2026-07-23

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